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deal with the debt ceiling? >> the fiscal cliff did not fix the debt. is this tax policy or fixing in debt and deficit? and but i was a big supporter to say we got it deal with debt and deficit. >> you voted against the fiscal cliff? >> we have three saying scram together by the senate and the presidency. the debt ceiling, and the sequestration also a continuing resolution. of three moments are a good moment to do with spending but they are very different. sequestration is we will cut spending $100 billion. >> what i asked is can we trust congress to do the right thing when it comes to the debt ceiling? seventy-seven% of the people say washington d.c. is hurting the nation. folks are on to the game how likely is you can solve the debt ceiling issue and also save money? >> that will complete the depend on everybody coming to the table. we have the senate that things one thing in the house that thinks something different to. and tell there on the same page it is tough. the senate has not passed a budget in four years? it makes it difficult to do a budget
deal with the debt ceiling? >> the fiscal cliff did not fix the debt. is this tax policy or fixing in debt and deficit? and but i was a big supporter to say we got it deal with debt and deficit. >> you voted against the fiscal cliff? >> we have three saying scram together by the senate and the presidency. the debt ceiling, and the sequestration also a continuing resolution. of three moments are a good moment to do with spending but they are very different. sequestration is we...
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Jan 15, 2013
01/13
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>> it's pretty hard on this one, charlie because he's right on the debt ceiling. major history absolutely dead on. but the debt sealing is a fraud. a total fraud. shouldn't exist. people from alan greenspan to tim geithner to anyone who has looked at it, to paul krugman say it is a total fraud. it's a political device. so on that he's right. and on the substance, right now i think that obama, he may not have articulated as well as quo have but i think he has clearly indicated that if you are looking for more deficit reduction, a bigger deal, not a big deal, he's willing to go pretty far for a democrat on entitlements. right now republicans-- . >> rose: how do you know that? >> well, i think he said he's willing to do that. he has put on the table in private conversations that they had in december, he was perfectly willing to go along with the change in the change for social security, he indicated strongly that he would look at some kind of means testing for affluent medicare recipients. those aren't little things. they are not as much as some people want. but the
>> it's pretty hard on this one, charlie because he's right on the debt ceiling. major history absolutely dead on. but the debt sealing is a fraud. a total fraud. shouldn't exist. people from alan greenspan to tim geithner to anyone who has looked at it, to paul krugman say it is a total fraud. it's a political device. so on that he's right. and on the substance, right now i think that obama, he may not have articulated as well as quo have but i think he has clearly indicated that if you...
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might be crashing through the debt ceiling soon and that we thought. for more honest and republican congressman james langford of obama. welcome back to the show. always good to see you. >> thank you. glad to be with you. gerri: the cbo is saying that we are on track to rack up our fifth year of a trillion dollar plus debt, and already deficits and this year alone the fiscal year alone, $2,903,000,000,000 in deficits just in this first quarter. tell me, can the american people trust congress to fix this problem with a -- fix the fiscal cliff and deal with the debt ceiling? >> the fiscal clefted not fix the debt, and that was the big debate during the fiscal of conversation. is this affecting tax policy or is this about trying to pixar debt and deficit. there was a group that said let's fix the tax policy in deal with the deficit later. as supporters sang, we must deal with the debt and deficit which is the bigger issue. gerri: you voted against it. >> i did. gerri: what can we do about this? what can we do about this? >> well, we have three things. peo
might be crashing through the debt ceiling soon and that we thought. for more honest and republican congressman james langford of obama. welcome back to the show. always good to see you. >> thank you. glad to be with you. gerri: the cbo is saying that we are on track to rack up our fifth year of a trillion dollar plus debt, and already deficits and this year alone the fiscal year alone, $2,903,000,000,000 in deficits just in this first quarter. tell me, can the american people trust...
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Jan 12, 2013
01/13
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what the debt ceiling allows -- what the debt ceiling allows congress to do is continue to deficit spend. if we would stop incurring deaf zits we wouldn't need to increase the debt ceiling. it's not about paying past bills. you get into the cash flow aspect of this thing. in order to increase the debt ceiling we are actually just basically giving the president the authority to put that debt burden on our children and grandchildren. it's not about spending at all. >> let me ask you a couple questions here. >> deficit spending. >> you said there's no doubt we are not going to default on our payments. the math indicates that if at some point we don't increase the debt ceiling, why won't we? >> our interest payment this year is under $250 billion. we're going to bring in $2.5 trillion in tax revenue, ten times what our interest servicing on the debt is. there are some casual aspects about turning over some debt but basically the only reason we have to increase the debt creeling is because we continue to deficit spend, spending a trillion dollars more than -- >> when you say we continue to de
what the debt ceiling allows -- what the debt ceiling allows congress to do is continue to deficit spend. if we would stop incurring deaf zits we wouldn't need to increase the debt ceiling. it's not about paying past bills. you get into the cash flow aspect of this thing. in order to increase the debt ceiling we are actually just basically giving the president the authority to put that debt burden on our children and grandchildren. it's not about spending at all. >> let me ask you a...
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Oct 23, 2013
10/13
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the debt ceiling -- it shouldn't exist i mean, the way to have a ceiling on your debt is not to spend more -- >> rose: my idea of a debt ceiling is negotiating. >> but if you going to have it, it can't be used. i mean, we have nuclear weapons but we are not going to use them, even if we get disappointed but we say because this is happening not the way we want we are going to use a nuclear weapon. the debt ceiling is a political weapon of mass destruction and both parties should say it is off the table, we can argue about abortion and immigration whatever it may be but we are not going to tie that to a threat to destroy a reputation that the united states has built up over 237 years so i would ask both political parties to say it is off the table. >> rose: do you think it is more likely they will be listening because of the close call we had here? >> i think maybe. you know, i always have hope in humans, and actually, senator mcconnell who i don't agree on many things, but he has introduced in the past i believe, something that at least -- it will reduce the chance that the debt ceilin
the debt ceiling -- it shouldn't exist i mean, the way to have a ceiling on your debt is not to spend more -- >> rose: my idea of a debt ceiling is negotiating. >> but if you going to have it, it can't be used. i mean, we have nuclear weapons but we are not going to use them, even if we get disappointed but we say because this is happening not the way we want we are going to use a nuclear weapon. the debt ceiling is a political weapon of mass destruction and both parties should say...
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Jan 13, 2013
01/13
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that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan policy center. good luck trying to explain this to conservative talk radio show host, rush limbaugh. >> i think it's a debt limit as your monthly credit card limit. you can't go over it on your credit card. and the united states government can't spend more than what its credit limit is or its debt limit. now ali velshi at cnn says that has no relation to spending. >> that's right, rush, the debt ceiling was create sod the congress wouldn't constantly need to authorize congress to borrow to raise more money. it doesn't au
that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan...
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Mar 10, 2013
03/13
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ceiling. the white house, whoever is there has to go to the congress and say, agree, you know? we're borrowing a trillion dollars. think about -- i was trying to figure out -- somebody was asking how much is a trillion dollars. that's about $3,000 for every one in the united states nap is a lot of money. they have to borrow that next year just to pay for what is going on. and how they are going do that. how they arrange it, i don't know. it's going to be, you know, i may have my second book . >> hi. in your research i was wondering how much you came across the discussion about dealing with the serious problem of jobs in it country. we're in a major depression, many say. since the great depression. it's contrary or contradictory to be concerned about the budget deficit when you take steps to have a negative effect on the economy. how much would it take effect? >> an excellent question. and of course, you create jobs by growing the economy. and you have to not only grow the economy. you need to
ceiling. the white house, whoever is there has to go to the congress and say, agree, you know? we're borrowing a trillion dollars. think about -- i was trying to figure out -- somebody was asking how much is a trillion dollars. that's about $3,000 for every one in the united states nap is a lot of money. they have to borrow that next year just to pay for what is going on. and how they are going do that. how they arrange it, i don't know. it's going to be, you know, i may have my second book ....
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Jan 9, 2013
01/13
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we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this is about guys who used to look after the currency and about guys who are going to have to deal with republicans over the debt ceiling and acc
we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury...
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Jan 6, 2013
01/13
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with the debt ceiling, we will always pay our debt. we'll never default on the debt and the reason that the president is doing that. he's trying to scare people and raise the spector of financial apocalypse. >> john: i want to get in other issues, we are running short on time. gun control. you heard about tin bills zeused in the house of representatives and joe biden loding a today group. you are a fierce defending of rights and is there any new gun control that you would accept? >> guest: the reason we are discussing this is it the tragedy in newtown and every parent. my wife and i have two girls aged four and two, every parent was horrified to see 20 children, six dults senselessly murdered it takes your breath away. but within minutes, we saw politician running out and trying to exploit and push their political agenda of gun control. i don't support it for two reins. number one it is it unconstitutional. >> john: is there any to accept? >> guest: i don't think it makes sense. things we can do. one of the things we can do improve the
with the debt ceiling, we will always pay our debt. we'll never default on the debt and the reason that the president is doing that. he's trying to scare people and raise the spector of financial apocalypse. >> john: i want to get in other issues, we are running short on time. gun control. you heard about tin bills zeused in the house of representatives and joe biden loding a today group. you are a fierce defending of rights and is there any new gun control that you would accept? >>...
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Jan 22, 2013
01/13
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it is expected to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering fleeing frarch. phil mickelson saying the same thing. the democratic leaders here better take note, if they have the money, they will run. there are reasons for both of these guys to bring back their remarks, as you know. but they do follow a trend of folk who is have means who are saying the government -- and governments are going too far. do they have a point? >> well, i think they definitely a point, neil. economics is a very dynamic social science. there is a latin phrase that means, all things being the same. the democratic policy approach is everything's the same. we can inc
it is expected to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering...
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Jan 11, 2013
01/13
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ceiling. this is 15 minutes. >> ladies and gentlemen, the president of the united states accompanied by some of tim geithner and sap jack lew. >> men, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and denounced him as my first to my cabinet. we were barely two months into the financial crisis, the stock market have quivered, the housing market had cratered as well, a bank after bank was on the verge of collapse, and worst of all, more than 800,000 americans would lose their jobs in just a bad month. and the bottom was not yet in sight. i cannot blame tim when he told me he was not the right guy for the job. [laughter] extensivet tim's experience with economic policy made him qualified and i knew he could hit the ground running. as chairman of the new york federal reserve, he had just spent several sleepless and chaotic weeks immersed in the complexities of the crisis and had been working closely with his republican predecessor at treasury to sa
ceiling. this is 15 minutes. >> ladies and gentlemen, the president of the united states accompanied by some of tim geithner and sap jack lew. >> men, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and denounced him as my first to my cabinet. we were barely two months into the financial crisis, the stock market have quivered, the housing market had cratered as well, a bank after bank was on the verge of collapse, and worst of all,...
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Jan 12, 2013
01/13
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and obama will issue the city of the union address on february 12th just days before the debt ceiling limit. not every politician is as gifted speaker but hit kim cooper fumbled his state of the state address yesterday. >> working together we can punch holes -- if jesus. [laughter] it is the crescendo working together, we can punch some pretty vague goals in the darkness. god bless colorado. lori: a great sense of colorado. he got a great laugh. and not just the old boys' club with a critical article with this picture the president meeting with 10 mail advisers but the white house put it this bichir the next day president obama with three female advisers. if you are still outraged now it is president obama with three advisers female and three advisers mail trying to call for more diversity. if you are an adrenaline junkie not afraid of snakes before the fish and wildlife conservation commission kicks off the python challenge morrow for anyone who wants to hunt down the burmese python as an effort to rid the state of 150,000 non native price since one negative pythons there is every bo
and obama will issue the city of the union address on february 12th just days before the debt ceiling limit. not every politician is as gifted speaker but hit kim cooper fumbled his state of the state address yesterday. >> working together we can punch holes -- if jesus. [laughter] it is the crescendo working together, we can punch some pretty vague goals in the darkness. god bless colorado. lori: a great sense of colorado. he got a great laugh. and not just the old boys' club with a...
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Jan 4, 2013
01/13
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the debt ceiling is not far but tim geithner will remain around until the end of the inauguration. >>> congresswoman gabrielle giffords will reportedly visit newtown connecticut this afternoon which is the deadly scene of the school shooting. congresswoman gabrielle giffords is still recovering after being shot in her home state in january 2011. >>> secretary hillary rodham clinton said she will return to work next week. she has been sidelined by a string of medical problems. she was just released from the hospital where she was treated for a blood clot in her head. >>> chris young will be laid to rest today. his funeral is today. he died when his motorcycle collided with a van in bristol monday and a wake was held for him yesterday. >>> keeping new year's resolutions, they are not simple to keep for anybody. we will find out about some strategies and some practical ways to stay motivated. keep it right here. (vo) they were married for... 53 years. she was his everything. he can't live alone anymore. but we don't have the room. so, we talked to suntrust... looked at our options... rem
the debt ceiling is not far but tim geithner will remain around until the end of the inauguration. >>> congresswoman gabrielle giffords will reportedly visit newtown connecticut this afternoon which is the deadly scene of the school shooting. congresswoman gabrielle giffords is still recovering after being shot in her home state in january 2011. >>> secretary hillary rodham clinton said she will return to work next week. she has been sidelined by a string of medical problems....
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Jan 9, 2013
01/13
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i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew which is exactly the reason i would say he's absolutely not my first choice for the job or the fifth guy in line to be president should anything happen to the other four because i think he's going to have a parental relationship, so to speak, with the budget and its process in trying to change it, and i think that that paternal instinct is going to be defending it versus, you know, actually trying to make a difference. looking at the budget even though we technically haven't had one. we've had continuing resolutions. i think we need someone that will
i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew...
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Jan 25, 2013
01/13
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we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something really interesting that is happening. the jcj the correlation index. little in the weeds here. but what it really measures how stocks are correlating to the s&p 500. when stocks are correlating a lot, that's bearish stocks and it makes stock picking very, very difficult because really you're picking stocks, a slave to the overall market. that index is now at precrisis lows. so stock pick something now something we can do. something we haven't been able to do for a long period of time. so what are we seeing this first quarter? stocks are moving but the indexes are not. so you're being rewarded for being a good stock-picker and being penalized, apple, for being a bad
we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something really interesting that is happening. the jcj the correlation index. little in the weeds here. but what it really measures how stocks are...
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Aug 27, 2013
08/13
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>> much more harmful not to raise the debt ceiling. they will be in a position where they have to violate the debt limit and that is just a big unknown. neither of those are worth incurring. connell: is that the way to go? >> it is not clear to me how you get to guess without a enough members congress. i think you have to give members something. they gave members something. they gave this provision that that if there were not budgets passed that members pay would be docked. that seemed to work in some sense. you have to give people something so they can feel comfortable voting in. connell: thank you for coming on today. >> sure thing. connell: more on this breaking news. related to the white house. charlie has an exclusive report to a possible shakeup. gene sperling is like to leave the post. white house not commenting about it. they are not commenting one way or another. charlie says that there is a possible replacement. there you go. a revolving situation at the white house. charlie will have more at the top of the coming hour. then
>> much more harmful not to raise the debt ceiling. they will be in a position where they have to violate the debt limit and that is just a big unknown. neither of those are worth incurring. connell: is that the way to go? >> it is not clear to me how you get to guess without a enough members congress. i think you have to give members something. they gave members something. they gave this provision that that if there were not budgets passed that members pay would be docked. that...
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cheryl: what about worried about the debt ceiling debate? we are about to go through another round of arguing in washington. what do you think they should do to stimulate and build jobs in this country which we still don't have on a meaningful level? >> just get it done is what they should do. it is not just the debt ceiling. it is the point of live ridge. the issue is how much are we going to cut from federal government spending to get the budget deficit in line with what it needs to be on long-term basis and they are already squabbling over that. the other king is talking about discretionary spending and entitlement represent 60% of overall outlays. we really cannot get to the promised land unless we also addressed the entitlement situation which of course is politically unpopular because politicians, threaten their job security. cheryl: what do you say? should we address retirements? >> fiscal cliff 2.0, some people like talking about it today. we have to be careful. we can't take a stir approach and have across-the-board cuts. we have to
cheryl: what about worried about the debt ceiling debate? we are about to go through another round of arguing in washington. what do you think they should do to stimulate and build jobs in this country which we still don't have on a meaningful level? >> just get it done is what they should do. it is not just the debt ceiling. it is the point of live ridge. the issue is how much are we going to cut from federal government spending to get the budget deficit in line with what it needs to be...
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Jan 15, 2013
01/13
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debt ceiling. i love the debt clock. it's almost as fast as the amount of money they're going to earn tr nike. >> and is we'll talk about that. >> meanwhile, fed chairman ben bernanke speaking monday warned the u.s. economy isn't out of the woods yet and is still at risk from political gridlock. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to improve your credit rating. >> ben bernanke says the u.s. economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the
debt ceiling. i love the debt clock. it's almost as fast as the amount of money they're going to earn tr nike. >> and is we'll talk about that. >> meanwhile, fed chairman ben bernanke speaking monday warned the u.s. economy isn't out of the woods yet and is still at risk from political gridlock. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new...
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Jan 23, 2013
01/13
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this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. th
this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term...
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Jan 9, 2013
01/13
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they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of america did not elect a single person into the baseball hall of fame. this a big deal because a lot of players associated with the steroid jer gentleman were up. i want to give people percentages here. barry bonds received 36.2% to get in. roger clemens, mark mcguire 16 ppt 9 and sammy sosa 12.5%. shock numbers there. the closest to get in is craig bijo. 68% plus. in terms of the order. so none of those players talking clemens, and barry bonds and sammy sosa even in the top six. back to you. >> tainted era. >> yes it is. >> thank you very much. before we go to break, check out thing that makes you go hhmmmm. a new survey sh
they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of...
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Jan 9, 2013
01/13
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lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation among who else, congressional republicans. after calling chuck hagen an in-your-face nomination outside of the mainstream, the pugnacious gop has already made known its displeasure with jack lew, calling his nomination controversial, a mistake, and worst of all, irritating. according to senator mike johanns of nebraska, i just think there are economic policies in this administration that haven't been well received and jack lew is in the middle of that. you heard that correctly, america, president obama intends to name a treasury secretary who agrees with his
lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation...
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Oct 16, 2013
10/13
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after the senate announced a deal to reopen the government and lift the debt ceiling. we bring back mike holland. and carol pepper. have they been on the phone calling you? what are they saying? >> we try to encourage them to think long-term. we knew there would be some sort of a deal, just a question of when. we are starting to look forward into the future. which we think about going forward now that we have a break until the next round of haggling happens. liz: has affected the way you have invested their money? >> we've always looked for long-term investments. it affects us only in the census brings us more deeply into our own principles which is long-term investing and strong companies with good talent jeans and a lot of cash. >> we just spoke with terry duffy, he says he believed this is going to bring about higher interest rates which we are all expecting. the whole risk return thing that is out the window now. what do you do with fixed income? >> we want people about if you own your own bonds. if you're in bond funds, those are the things i want to get affected.
after the senate announced a deal to reopen the government and lift the debt ceiling. we bring back mike holland. and carol pepper. have they been on the phone calling you? what are they saying? >> we try to encourage them to think long-term. we knew there would be some sort of a deal, just a question of when. we are starting to look forward into the future. which we think about going forward now that we have a break until the next round of haggling happens. liz: has affected the way you...
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♪ liz: how to fix what could be the looming debt ceiling of subsequent government shut down and massive problems for your portfolio. speaking exclusively with fox business on what it takes to get more americans back to work. what the fed should do and how to break the deadlock in washington. billionaire investor not done yet in a fox business exclusive. ichan tells us he is done biting dell's shares. today his company just released earnings. wait until you see how icon enterprises is really doing. and should you order up? a top money manager says that you would have to be crazy not to be invested in u.s. stocks right now. the dow 20,000 will happen. he will share his top stock picks with you. ito begins right now. ♪ good afternoon, everybody. i'm liz claman, the last hour of trading. well, another fed president to says depending upon certain metrics we should be ready to start tapering. the president of the cleveland federal reserve bank said this you would be ready to scale back the debt fed bond buying program if the labor market continues to improve, but she did not specify the tim
♪ liz: how to fix what could be the looming debt ceiling of subsequent government shut down and massive problems for your portfolio. speaking exclusively with fox business on what it takes to get more americans back to work. what the fed should do and how to break the deadlock in washington. billionaire investor not done yet in a fox business exclusive. ichan tells us he is done biting dell's shares. today his company just released earnings. wait until you see how icon enterprises is really...
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Jan 12, 2013
01/13
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MSNBCW
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there are debt ceilings for a little bit. so let's say we get to a point where they say you no he what? this has become a habit now. we can't deal with. this we're going to seriously pursue this trillion dollar coin idea. you write for a publication that people in financial markets read. you look at financial markets. the people in the financial markets, aren't they going to balk? isn't this going to have an adverse effect in people's judgment of the credit worthiness of the government, functionally tsh do the things we need to do? >> i don't think so. i mean look, we're already having a debate now. we are already having a debate at the highest levels about whether we're going to pay our bills or not. that is the debate we're currently having. >> can i debate that debate? i don't think we're having that debate. i think mitch mcconnell said that. >> the gop leader in the senate is debating with the president about whether we're going to pay our bills if there is not an extraction. >> he's not debating it. this is a clearly an
there are debt ceilings for a little bit. so let's say we get to a point where they say you no he what? this has become a habit now. we can't deal with. this we're going to seriously pursue this trillion dollar coin idea. you write for a publication that people in financial markets read. you look at financial markets. the people in the financial markets, aren't they going to balk? isn't this going to have an adverse effect in people's judgment of the credit worthiness of the government,...
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Jan 18, 2013
01/13
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FBC
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next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their strategy in this debt ceiling fight but will this no budget, no pay thing work to address our physical problems? joining us now, douglas holtz-eakin, president of the american action for rim. rich is talking about we're basically punting the debt ceiling three months. should the republicans drop the debt ceiling fight all together and focus on sequester, continuing resolution? they probably have more room to fight? >> getting it in this order, putting debt ceiling last, other bills first is to their advantage because they're fighting about spen
next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their...
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Jan 11, 2013
01/13
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KQED
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the sequestration, the debt ceiling, things like that. he knows that jack is not just a tough negotiator and i think this next point has gotten mixed he's a successful negotiator. i know republicans are complaining because he took a tough line back in 2011 with a lot of tea party folks but in fact he's been closing deals for 30 years the second thing is jack understands what it means, a very important part of the president's second term agenda. he understands what it means to get our debt on a sustainable trajectory. there's a lot that has to happen for that to occur. we've gotten a good chunk of the way there but in order to complete the deal so that our debt stabilizes over the budget window that's something jack lew knows how the do and i think the president wants the treasury secretary with that on his agenda. >> woodruff: juliana, it's been pointed out by republicans and others that his experience on wall street and the business community is minimal. he only spent a few years -- most of his adult life has been in washington. what doe
the sequestration, the debt ceiling, things like that. he knows that jack is not just a tough negotiator and i think this next point has gotten mixed he's a successful negotiator. i know republicans are complaining because he took a tough line back in 2011 with a lot of tea party folks but in fact he's been closing deals for 30 years the second thing is jack understands what it means, a very important part of the president's second term agenda. he understands what it means to get our debt on a...
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Jan 11, 2013
01/13
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CSPAN
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against the up -- debt ceiling. my getting ready to rip up voter's card if the debt ceiling is raised without comparable spending cuts. the physical cliff was 41-1. i will not vote again in this country if it comes up to that. guest: do not give up on voting. is one thing -- that is one thing i beg you n
against the up -- debt ceiling. my getting ready to rip up voter's card if the debt ceiling is raised without comparable spending cuts. the physical cliff was 41-1. i will not vote again in this country if it comes up to that. guest: do not give up on voting. is one thing -- that is one thing i beg you n
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Oct 3, 2013
10/13
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CNBC
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you're wrong. >> and previous debt ceiling -- in previous debt ceiling increases haven't those in the past been used to extract some type of budget agreements? >> reporter: yes. >> that's all they're saying now. >> reporter: no, no. >> take away obama care because they've started shifting away from obama care? us try to maybe bring up entitlements or something. >> reporter: obama will have that conversation but -- >> not till after. >> reporter: joe, no, no hold on. here's the thing. look, you got to -- think about what is reasonable here. we've had months in which republicans have not been willing to go to conference on the budget. they demanded the senate pass the budget. they did. then they said let's go to conference with the house. the house didn't want to do that. remember, the house kind of -- >> why didn't the house want to do it? >> reporter: if you have a protracted negotiation in the conference and goes on for awhile, there is the possibility that the leadership loses control of the floor. if the conference goes on for a certain period of time without resolution, then anyth
you're wrong. >> and previous debt ceiling -- in previous debt ceiling increases haven't those in the past been used to extract some type of budget agreements? >> reporter: yes. >> that's all they're saying now. >> reporter: no, no. >> take away obama care because they've started shifting away from obama care? us try to maybe bring up entitlements or something. >> reporter: obama will have that conversation but -- >> not till after. >> reporter:...
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Jan 10, 2013
01/13
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CNNW
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we have on march 1 a debt ceiling debate looming. getting somebody that's already in the game i think was something the president thought about in picking him. >> yeah, the president wanted jack lew. he's going to get jack lew. presumably there will be a fight, a few republicans who will ask him very tough questions and probably in the end vote against his confirmation. but i suspect barring some major expose or something that we don't know he's been confirmed several times in the past. here he comes, the president will be introduced. >> geithner and mr. jacob lew. >> good afternoon, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and announced him as my first nominee to my cabinet. we were barely two months into the financial crisis, the stock market had cratered, the housing market had cratered, as well. bank after bank of on the verge of collapse. and worst of all, more than 800,000 americans would lose their jobs in just that month. and the bottom was not yet in sight. so i couldn't
we have on march 1 a debt ceiling debate looming. getting somebody that's already in the game i think was something the president thought about in picking him. >> yeah, the president wanted jack lew. he's going to get jack lew. presumably there will be a fight, a few republicans who will ask him very tough questions and probably in the end vote against his confirmation. but i suspect barring some major expose or something that we don't know he's been confirmed several times in the past....
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Jul 26, 2013
07/13
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CNBC
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. >> with the debt ceiling. >> what does obama care have to do with the debt ceiling? >> they want it repealed. >> no, no. the republicans are saying they're not going to get the repeal and they know that but they can get pulled out from the continuing resolution to fund obama care and it's a way to stop the mandates from coming down is to take the money away. for the irs to be enforcers of obama care, they need to hire 15,000 more employees. the best way and where you can get blue dog democrats on board to vote with you is to remove it from a continuing resolution and make it a separate issue. >> and one out of nine democrats in the house voted against the individual mandate. >> i don't believe the gop believes a repeal of obama could get through the senate. i think they're going to apply the boehner rule again and the president alluded to this in his speech on wednesday. he's looking for a confrontation. he's saying no debt limit? okay, we're going to fight this out. john boehner says i'll raise the debt limit if you cut spending dollar for dollar. >> if you're going
. >> with the debt ceiling. >> what does obama care have to do with the debt ceiling? >> they want it repealed. >> no, no. the republicans are saying they're not going to get the repeal and they know that but they can get pulled out from the continuing resolution to fund obama care and it's a way to stop the mandates from coming down is to take the money away. for the irs to be enforcers of obama care, they need to hire 15,000 more employees. the best way and where you...
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Jan 15, 2013
01/13
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CNNW
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the big concern is debt ceiling talks in washington. federal reserve chairman ben bernanke says the debt ceiling law should be scrapped all together and outgoing treasury secretary tim geithner sent a letter to congress urging action, warning the treasury would run out of measures in february to keep the bills being paid on time. we're seeing some big moves in tech stocks, pc maker dell could go private, pushing the stock up in the premarket this morning, the rumors pushed the stock up 13% yesterday. dell's been struggling for years, once the pc king, it failed to get into the tablet and smartphone space and apple shares dived when it was a report iphone 5 sales could be falling off. >> that's surprising. >> if you look at my friends everybody likes the bigger screen. >> i thought you were going statistics. >> it's everything to do with samsung and less what the iphone looks like. >> people seem to like the bigger screens. i-phone is a tiny, tiny screen. >> can i get you on the record, in the end, will house republicans agree to raise t
the big concern is debt ceiling talks in washington. federal reserve chairman ben bernanke says the debt ceiling law should be scrapped all together and outgoing treasury secretary tim geithner sent a letter to congress urging action, warning the treasury would run out of measures in february to keep the bills being paid on time. we're seeing some big moves in tech stocks, pc maker dell could go private, pushing the stock up in the premarket this morning, the rumors pushed the stock up 13%...
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65
Jan 10, 2013
01/13
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WJZ
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the sequestration the debt ceiling, things like that. he knows that jack is not just a tough negotiator and i think this next point has gotten mixed he's a successful negotiator. i know republicans are complaining because he took a tough line back in 2011 with a lot of tea party folks but in fact he's been closing deals for 30 years the second thing is jack understands what it means a very important part of the president's second term agenda. he understands what it means to get our debt on a sustainable trajectory. there's a lot that has to happen for that to occur. we've gotten a good chunk of the way there but in order to complete the deal so that our debt stabilizes over the budget window that's something jack lew knows how the do and i think the president wants the treasury secretary with that on his agenda. >> woodruff: juliana it's been pointed out by republicans and others that his experience on wall street and the business community is minimal. he only spent a few years -- most of his adult life has been in washington. what does
the sequestration the debt ceiling, things like that. he knows that jack is not just a tough negotiator and i think this next point has gotten mixed he's a successful negotiator. i know republicans are complaining because he took a tough line back in 2011 with a lot of tea party folks but in fact he's been closing deals for 30 years the second thing is jack understands what it means a very important part of the president's second term agenda. he understands what it means to get our debt on a...
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Mar 20, 2013
03/13
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CNBC
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maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in another part of the world which may have to influence what he does here in the united states. >> that's exactly right. cyprus is going to play a big role in how he deals with europe. i think the fed wants to be curbs. if it's going to make any kind of move, it wants that move to be successful. that's going to be a guiding principle going forward. we have to remember there's a lot of forward looking events like that debt ceiling issue which is going to crop up in the middle of may. how we handle that will influence the economy going forward. we have to th
maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in...